Pound at two-month low, yen jumps on Brexit fears

AFP, TOKYO: The pound was at two month lows yesterday as worries over Britain voting to leave the European Union bolstered demand for safe-haven units, including the yen.
The Japanese currency’s strength sparked another warning from officials that Tokyo could intervene in markets to stem its rise, which is threatening Japan Inc’s profits.
British voters go to the polls on June 23 to decide whether to leave the EU, with a so-called Brexit threatening to hit the country’s economy.
Several opinion polls showed that support for quitting the 28-member bloc was gaining momentum ahead of next week’s vote.
In Tokyo, the pound was at $1.4187, trading at its lowest levels since mid-April, and down from $1.4245 in New York.
“Risk sentiment has taken a beating with volatility up partly on latest Brexit polls still showing the UK is on course to quit the European Union,”
said Ray Attrill, co-head of currency strategy at National Australia Bank.

Pound at two-month low, yen jumps on Brexit fears

AFP, TOKYO: The pound was at two month lows yesterday as worries over Britain voting to leave the European Union bolstered demand for safe-haven units, including the yen. The Japanese currencys strength sparked another warning from officials that Tokyo could intervene in markets to stem its rise, which is threatening Japan Incs profits. British voters go to the polls on June 23 to decide whether to leave the EU, with a so-called Brexit threatening to hit the countrys economy. Several opinion polls showed that support for quitting the 28-member bloc was gaining momentum ahead of next weeks vote. In Tokyo, the pound was at $1.4187, trading at its lowest levels since mid-April, and down from $1.4245 in New York. Risk sentiment has taken a beating with volatility up partly on latest Brexit polls still showing the UK is on course to quit the European Union, said Ray Attrill, co-head of currency strategy at National Australia Bank.